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20130124
20130201
Search Results 0 to 5 of about 6 (some duplicates have been removed)
reported that -- a few weeks ago president obama reportedly said that america doesn't have a spending problem. this is completely at odds with what independent experts tell us and what is perfectly apparent to anybody who is alert. and last week i brought this chart behind me to the floor to illustrate the point. as everyone knows, we're running trillion-dollar annual deficits. what this chart shows is the gap between government spending and revenue just keeps getting wider and wider and wider. so let's take a look at it. the occupant of the chair is relatively new to the senate, but not new to the facts. the green area here represents both historic and projected tax revenue. the blue area here, the dark blue area, as you can see, really kind of flat line flatlit here to 2014, is the new revenue that the president got at the end of the new year as a result of the law. the tax rates sunsetted, expired at midnight on new year's eve. the congress then wisely continued the current tax rates for 99% of americans, made those rates permanent so you wouldn't have another event like new year's
income, and spending is obvious because a surreal driver of our deficits and our debt. spending is the reason that we're up against the $16.2 trillion debt limit. spending was the reason that congress and president obama raised the debt ceiling by $2.1 trillion just a year and a half ago. now, in 2006, the junior senator from illinois, senator obama, came to the floor, made a very passionate and thoughtful statement here on the senate floor in opposition to raising the debt limit. many of the reasons that he gave then are relevant today. in fact, they are even more appropriate because the national debt is much, much higher. and we have a fiscal mess. it's instructive for my colleagues to hear the words straight from then-senator obama. he delivered these remarks on march 16, 2006. at that time the senate was debating raising the debt limit by $781 billion to a new limit then that seems very small today, about half what it is today, raising the limit of 2006 to $8.9 trillion. so i thought it would be worth for the president's benefit as well as our benefit to go over what then-se
of it is spending on those of the highest levels spend a smaller percentage of their income to live and have the advantage of a tax system created for this advantage. during the debates with romney and obama, he mentioned that they were going to be just fine because obama was the champion of the koran the middle class and romney is the champion of the upper class. those investors are going to save the country. the point made by obama is that they were going to be just fine. i guess, where the way the tax structure have set up, they can get down to 10% because they can get tax is done because of corporations and the whole ball of wax. the other taxes considered by patrick included a gas tax and a toll increase on the pike. insurance pay the tolls and pay the gap. the rich people and the higher- income people will not be paying this tax at the same percentage. host: let's take a look at some of the details you hinted that. the associated press says he wants to hide to the income-tax from 5.25% up to 6.25% while eliminating itemize deductions. he is calling for reducing the sales tax from 6.25%
] >> it's humbling to be here before you in this new role as president obama's nominee for secretary of state. but my approach to this role, if confirmed, is also deeply informed by the 28-plus years that i have been privileged to spend in the senate. that percent specht tiff will remain with me if confirmed as secretary. and i'm already excited by the many ways that we can work together, and in which we must work together in order to advance america's security interests in a complicated and ever more dangerous world. i would add that i'm particularly aware that in many ways the greatest challenge to america's foreign policy will be in your hands, not mine, because while it's often said that we can't be strong at home if we're not strong in the world, in these days of fiscal crisis, and as a recovering member of the super committee, i am especially cognizant of the fact that we can't be strong in the world unless we're strong at home. and the first priority of business, which will affect my credibility as a diplomat, and our credibility as a nation, as we work to help other countries
you in this new role as president obama's nominee as secretary of state. but my approach to this role, if confirmed, is deeply informed but the 28-plus years i've been privileged to spend in the senate. that perspective will remain with me if confirmed as secretary, and i'm already excited by the many ways we can work together and in which we must work together in order to advance america's security interests in a complicated and ever more dangerous world. i would add that i am particularly aware that in many ways, the greatest challenge to america's foreign policy will be in your hands, not mine. while it is often said that we cannot be strong at home if we are not strong in the world, these days of fiscal crisis, and as a recovering member of the super committee, i am especially cognizant of the fact that we cannot be strong in the world unless we are strong at home. the first priority of business, which will affect my credibility as a diplomat and our credibility as a nation, as we work to help other countries create order, the first priority will be that america at last put its ow
Search Results 0 to 5 of about 6 (some duplicates have been removed)